01736cas a2200253 a 4500 AALejournalIMF003090 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856378 1018-5941 BD-DhAAL BD-DhAAL Moriyama, Kenji. Fiscal Adjustment in EU Countries : A Balance Sheet Approach / Kenji Moriyama, Gian Milesi-Ferretti. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Several European Union countries have recently implemented or are envisaging fiscal that operations improve budgetary figures but have no structural impact on government finances. This paper evaluates some of these measures using a balance sheet approach. In particular, it examines the degree to which reductions in government debt in EU countries has been accompanied by a decumulation of government assets. In the run-up to Maastricht (1997) it finds a strong correlation between changes in government liabilities and government assets, and larger declines in government assets in countries starting from higher public debt levels. Mode of access: Internet Milesi-Ferretti, Gian. IMF Working Papers; Working Paper ; No. 2004/143 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/143/001.2004.issue-143-en.xml IMF e-Library